Eligibility for registered valuers organisations

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....gnised as a registered valuers organisation for valuation of a specific asset class or asset classes if- ^2[(i) it has been registered under section 25 of the Companies Act, 1956 (1of 1956) or section 8 of the Companies Act,  2013 (18 of 2013), having, - (a) a minimum paid-up share capital of twenty-five lakh rupees; (b) the sole object of dealing with matters relat....

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....n organisation registered as a society under the Societies Registration Act, 1860 (21 of 1860) or any relevant state law, or; (b) an organisation set up as a trust governed by the Indian Trust Act, 1882 (2 of 1882). (2) The organisation referred to in sub-rule (1) shall be recognised if it - (a) conducts educational courses in valuation, in accordance with the syllabus determi....

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....nd reviews the functioning, including quality of service, of valuers who are its members; and (g) has a mechanism to address grievances and conduct disciplinary proceedings against valuers who are its members. (3) A registered valuers organisation, being an entity under proviso to sub-rule (1), shall convert into or register itself as a company under section 8 of the Companies Act, 201....